Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Shares Purchased by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund increased its stake in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 12.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 63,817 shares of the real estate investment trust’s stock after purchasing an additional 6,831 shares during the period. Illinois Municipal Retirement Fund owned 0.05% of Hannon Armstrong Sustainable Infrastructure Capital worth $1,712,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Amalgamated Bank lifted its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 1.1% during the fourth quarter. Amalgamated Bank now owns 34,501 shares of the real estate investment trust’s stock worth $926,000 after buying an additional 377 shares during the period. Blue Trust Inc. raised its stake in Hannon Armstrong Sustainable Infrastructure Capital by 57.8% in the 4th quarter. Blue Trust Inc. now owns 1,076 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 394 shares during the last quarter. Truist Financial Corp lifted its position in Hannon Armstrong Sustainable Infrastructure Capital by 5.1% during the 4th quarter. Truist Financial Corp now owns 9,293 shares of the real estate investment trust’s stock worth $249,000 after acquiring an additional 449 shares during the period. Covestor Ltd grew its stake in Hannon Armstrong Sustainable Infrastructure Capital by 31.1% during the 3rd quarter. Covestor Ltd now owns 2,232 shares of the real estate investment trust’s stock valued at $77,000 after purchasing an additional 530 shares during the last quarter. Finally, Plan Group Financial LLC increased its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 5.3% in the fourth quarter. Plan Group Financial LLC now owns 10,725 shares of the real estate investment trust’s stock valued at $288,000 after purchasing an additional 540 shares during the period. Hedge funds and other institutional investors own 96.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on HASI. Wells Fargo & Company started coverage on Hannon Armstrong Sustainable Infrastructure Capital in a report on Thursday. They set an “overweight” rating and a $33.00 target price for the company. StockNews.com cut shares of Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a research note on Monday, November 11th. The Goldman Sachs Group dropped their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $32.00 to $31.00 and set a “neutral” rating on the stock in a report on Tuesday, December 17th. JPMorgan Chase & Co. reduced their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $42.00 to $39.00 and set an “overweight” rating for the company in a report on Thursday, January 23rd. Finally, Bank of America assumed coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Monday, November 25th. They issued a “buy” rating and a $40.00 price target on the stock. One analyst has rated the stock with a sell rating, one has assigned a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Hannon Armstrong Sustainable Infrastructure Capital has an average rating of “Moderate Buy” and a consensus price target of $39.71.

Hannon Armstrong Sustainable Infrastructure Capital Stock Up 0.9 %

Shares of HASI opened at $28.73 on Friday. The company has a current ratio of 11.25, a quick ratio of 13.55 and a debt-to-equity ratio of 1.83. The firm has a market cap of $3.43 billion, a P/E ratio of 18.18, a PEG ratio of 1.06 and a beta of 1.95. The stock’s 50 day moving average is $27.78 and its two-hundred day moving average is $30.68. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 12 month low of $24.00 and a 12 month high of $36.56.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last released its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.02). The company had revenue of $37.74 million during the quarter, compared to analyst estimates of $25.93 million. Hannon Armstrong Sustainable Infrastructure Capital had a net margin of 52.15% and a return on equity of 11.84%. Analysts predict that Hannon Armstrong Sustainable Infrastructure Capital, Inc. will post 2.45 earnings per share for the current fiscal year.

Hannon Armstrong Sustainable Infrastructure Capital Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, April 4th will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Friday, April 4th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 5.85%. This is a boost from Hannon Armstrong Sustainable Infrastructure Capital’s previous quarterly dividend of $0.42. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is currently 106.33%.

Hannon Armstrong Sustainable Infrastructure Capital Company Profile

Hannon Armstrong Sustainable Infrastructure Capital, Inc, through its subsidiaries, engages in the investment in energy efficiency, renewable energy, and sustainable infrastructure markets in the United States. The company's portfolio includes equity investments, commercial and government receivables, real estate, and debt securities.